Walter Public Investments Inc. Decreases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Walter Public Investments Inc. lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,273 shares of the transportation company’s stock after selling 17,108 shares during the quarter. Canadian Pacific Kansas City makes up about 3.1% of Walter Public Investments Inc.’s holdings, making the stock its 12th biggest holding. Walter Public Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $16,869,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Accretive Wealth Partners LLC lifted its position in shares of Canadian Pacific Kansas City by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after buying an additional 145 shares during the last quarter. Financial Advocates Investment Management lifted its position in shares of Canadian Pacific Kansas City by 2.2% during the 4th quarter. Financial Advocates Investment Management now owns 11,055 shares of the transportation company’s stock worth $878,000 after buying an additional 241 shares during the last quarter. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $979,890,000. UBS Group AG lifted its position in shares of Canadian Pacific Kansas City by 3.1% during the 4th quarter. UBS Group AG now owns 1,004,693 shares of the transportation company’s stock worth $79,431,000 after buying an additional 30,305 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of Canadian Pacific Kansas City by 52.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 13,353 shares of the transportation company’s stock worth $1,056,000 after buying an additional 4,567 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Sanford C. Bernstein upped their price target on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research report on Monday, July 8th. Susquehanna reiterated a “neutral” rating and issued a $80.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 31st. Wells Fargo & Company began coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target for the company. Finally, Jefferies Financial Group reduced their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.36.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $86.32 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The stock has a market cap of $80.54 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.96. The firm’s fifty day simple moving average is $81.63 and its 200-day simple moving average is $82.48.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 EPS. Analysts expect that Canadian Pacific Kansas City Limited will post 3.1 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a $0.1373 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a yield of 0.64%. Canadian Pacific Kansas City’s payout ratio is 17.31%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.